From the WSJ:
Chinese Billionaire Nabs One57 Condo For a Mere $23.5 Million
A three-bedroom unit on the 62nd floor of One57, a newly built condominium towering over New York City’s Central Park, has sold for $23.5 million, or 25% under its original sale price of $31.7 million.
According to Noble Black of Douglas Elliman Real Estate, who had the listing with colleague Emily Sertic, the apartment was first listed for roughly $41 million with another firm in 2014, almost immediately after the seller closed on the purchase from builder Extell Development. It has since seen several price reductions, and was most recently asking $25 million. The seller’s identity is shielded by the entity Escape From New York LLC.
The buyer is Chinese billionaire Liu Yiqian, according to Jeremy Hu of Compass, who represented him in the transaction. An investor who lives primarily in Shanghai, Mr. Liu is known for his large art purchases: Last year he paid $170.4 million for Amedeo Modigliani’s portrait of a “Reclining Nude,” one of the highest prices ever paid at auction for a work of art.
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The buyer is Chinese billionaire Liu Yiqian, according to Jeremy Hu of Compass, who represented him in the transaction. An investor who lives primarily in Shanghai, Mr. Liu is known for his large art purchases: Last year he paid $170.4 million for Amedeo Modigliani’s portrait of a “Reclining Nude,” one of the highest prices ever paid at auction for a work of art.